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| get long xxx mar C futures contracts @ 3.70 -ish
long xxx mar C 3.60 puts @ 15 ish cents
risk 25 cents per contract (you have to spend money to make money in the real world)
volatility will work for you at this point in on a near-term sell-off perhaps get some of your 25 cents back.
scale xxx to your goals
longer story on managing the position going forward in time but could sell calls against your futures position at some point to help account chart go up and to the right or at least get some of your 25 cents back, perhaps a multiple of 25 cents. lots of ways to go (how much upside to cap etc)
not selling anything, your mileage may vary, it's just an idea.
black & scholes folks fire away!
anybody out there in the ny crude oil 43 strike nov puts? it was a good month today!
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